🚨 $JCT — Brace for a major sell-off. 📉
Remember the $0.020 level I pointed out? The price reached it, then came under immense pressure.
From $0.0213 to $0.0084 — wiping out nearly 61% of its value.
Now, the $0.0080–$0.0085 range is under pressure. If this support gives way, another sharp drop could follow.
I'm still leaning bearish. Until $JCT reclaims $0.0100 and holds above it, any bounce looks vulnerable to renewed selling pressure.
I'm watching for a failed bounce or a confirmed break below support. A drop alone isn't a reason to enter a short position. 🐻
Remember the $0.020 level I pointed out? The price reached it, then came under immense pressure.
From $0.0213 to $0.0084 — wiping out nearly 61% of its value.
Now, the $0.0080–$0.0085 range is under pressure. If this support gives way, another sharp drop could follow.
I'm still leaning bearish. Until $JCT reclaims $0.0100 and holds above it, any bounce looks vulnerable to renewed selling pressure.
I'm watching for a failed bounce or a confirmed break below support. A drop alone isn't a reason to enter a short position. 🐻
